Brcd

SAIFY

عضو نشط
التسجيل
4 أغسطس 2004
المشاركات
342
Wednesday November 17, 2004 (4:37 pm ET)

First Albany Maintains Buy on Brocade

Analyst Joel Wagonfeld says the networking-systems provider could see upside from Hewlett-Packard's growth
First Albany reiterates buy rating for infrastructure-services provider Brocade Communications Systems (BRCD) and raises its price target.

Analyst Joel Wagonfeld says Brocade's fourth-quarter results are due out Nov. 22, and his estimates call for in-line earnings per share of 6 cents on $154 million in revenue. He notes, however, that he now sees a potential for upside due to Hewlett-Packard's strong quarter-over-quarter storage results.

Wagonfeld estimates that Hewlett-Packard typically represents 10% to 30% of Brocade's revenues in any given quarter. He notes Hewlett-Packard said that enterprise storage rose 16% quarter-over-quarter and thinks midrange storage (where Brocade has significant exposure) is experiencing much of that improvement. Also he notes Hewlett-Packard added new storage salespeople, and sees productivity ramping over coming quarters, which would benefit partners like Brocade. He raises the company's $7 price target to $8.50.
 

Day_trading

موقوف
التسجيل
28 أغسطس 2004
المشاركات
1,931
الإقامة
kuwait
http://www.**********.com/vb/showthread.php?postid=503851&t=2980#post503851
 

الملفات المرفقه:

  • SharpChartv05.png
    SharpChartv05.png
    الحجم: 31.6 KB   المشاهدات: 137

bu-abdullaziz

عضو مميز
التسجيل
11 ديسمبر 2003
المشاركات
1,777
للمتابعه
 

الملفات المرفقه:

  • brcd.JPG
    brcd.JPG
    الحجم: 27.1 KB   المشاهدات: 118
أعلى